Admission of a Partner | Part 8 | Revaluation Account| Class 12 Accounts

Описание: 📌 Confused about how to prepare the Revaluation Account during the Admission of a Partner? This video will make it crystal clear with simple explanations and solved examples!

Admission of a Partner | Part 8 |Revaluation Account| Class 12 Accounts

This video is specially created for Class 12 Commerce students studying the subject of Accountancy (T.S. Grewal Volume 1). In this lecture, I have explained the complete concept of revaluation of assets and liabilities admission, the purpose of preparing a Revaluation Account, and how we record changes in the values of assets and liabilities when a new partner is admitted into the firm.

👉 The topic of revaluation of assets and liabilities admission of partner is one of the most important concepts in Chapter 4 – Admission of a Partner from Class 12 Accountancy CBSE syllabus. Through this lecture, students will clearly understand how to handle revaluation adjustments and the impact of revaluation on partners’ capital accounts and balance sheet.

📘 What You’ll Learn in This Lecture:

1️⃣ Meaning and purpose of revaluation of assets and reassessment of liabilities during the admission of partner.
2️⃣ Detailed discussion on admission of partner revaluation account and how it is prepared.
3️⃣ Explanation of admission of partner revaluation of assets and liabilities with step-by-step illustrations.
4️⃣ Treatment of profit or loss arising from revaluation and its effect on partners’ capital accounts.
5️⃣ Journal entries related to revaluation of assets and liabilities journal entries and how to record them correctly.
6️⃣ Practical examples and revaluation of assets and liabilities questions from T.S. Grewal Volume 1.
7️⃣ Real understanding of admission of partner revaluation and its impact on the new and old partners.

🧾 In this lecture, I have not only covered the theoretical explanation but also solved various illustrations and practical problems from the textbook. Every adjustment, whether it is an increase or decrease in the value of an asset or liability, has been explained clearly using examples. You will understand how to pass the correct entries on the credit and debit sides of the Revaluation Account.

Students will also learn how to prepare a new balance sheet after revaluation and the correct treatment of goodwill and reserves in the books of accounts. The entire process of admission of a partner revaluation account partners capital account and balance sheet has been explained in simple language for better understanding.


Whether you are from CBSE, ICSE, or State Board, this topic is fundamental to scoring high marks in the Plus Two Accountancy exam. Therefore, this video acts as a complete guide for plus two accountancy admission of a partner revaluation account.
You will also find this lecture extremely useful if you are revising admission of a partner revaluation class 12 or looking for clear guidance on admission of a partner class 12 revaluation account and capital account problems. Each concept is explained in a step-by-step manner to make it easy to grasp for every student.

📚 Chapter Covered:
ch 4 accounts class 12 admission of partner revaluation (T.S. Grewal Volume 1)

🎯 Key Topics Explained:

revaluation of assets and liabilities admission of partner

admission of partner revaluation account

admission of partner revaluation of assets and liabilities

revaluation of assets and liabilities journal entries

revaluation of assets and liabilities questions

admission of a partner revaluation account partners capital account and balance sheet

🧠 By the end of this lecture, you will be confident in preparing:
✔️ Revaluation Account
✔️ Partners’ Capital Accounts
✔️ New Balance Sheet after revaluation
✔️ Correct journal entries for revaluation of assets and liabilities

I have explained every step slowly and clearly so that even if you are watching this for the first time, you will be able to understand the entire concept without any confusion.

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